Crypto Basics

What is Ethereum Staking and How to Stake ETH?

Learn about Ethereum staking and how to stake ETH. Get a detailed guide to maximize your Ethereum investments.
Token Metrics Team
8 Minutes
MIN

As the blockchain landscape progresses, Ethereum remains at the forefront, providing individuals with a distinctive opportunity to actively participate in securing the network and earning rewards.

Among the various methods available, Ethereum staking holds particular significance. But what does Ethereum staking means, and how can one stake their ETH?

In this captivating blog post, we will explore everything about Ethereum staking, unravel its complexities, and provide a step-by-step guide on how to stake your valuable ETH.

What is Ethereum Staking?

Ethereum staking is the process of participating in the Ethereum network by locking up your ETH (Ethereum's native cryptocurrency) in a wallet to support the blockchain's security and consensus mechanism. When you stake ETH, you contribute to the network's operations and help validate transactions.

Ethereum is transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus algorithm through the implementation of Ethereum 2.0. 

PoS relies on validators who hold a certain amount of staked ETH to secure the network and create new blocks. In return for their participation, validators receive rewards in the form of additional ETH.

Why Stake Ethereum?

There are several reasons why individuals choose to stake Ethereum. Firstly, staking allows participants to earn passive income in the form of staking rewards. 

By staking their ETH, individuals can receive additional tokens as an incentive for supporting the network. Additionally, staking helps to decentralize the network and improve its security, making it more resistant to attacks.

Requirements for Ethereum Staking

Before you can start staking ETH, you need to meet certain requirements:

Sufficient ETH Balance: You must possess a minimum amount of ETH to be eligible for staking. The exact amount may vary depending on the staking provider and Ethereum's network requirements.

Compatible Wallet: You need a wallet that supports Ethereum staking. Ensure that the wallet you choose is compatible with the staking process and allows you to delegate your ETH or stake it directly.

How to Stake Ethereum?

Here is the step by step process to start Ethereum staking -

1. Acquiring ETH - To stake ETH, the first step is to acquire Ethereum. You can obtain ETH through various cryptocurrency exchanges or platforms that support Ethereum transactions. Ensure that you choose a reputable and secure exchange to protect your funds.

2. Setting up an Ethereum Wallet - Before staking, you need to set up an Ethereum wallet to store your ETH securely. There are different types of wallets available, including hardware wallets, software wallets, and online wallets. 

Hardware wallets, such as Ledger or Trezor, offer enhanced security by storing your private keys offline. Software wallets like MetaMask provide a convenient way to access your funds through a browser extension. Choose a wallet that aligns with your security needs and preferences.

3. Choosing a Staking Provider - Once you have acquired ETH and set up a wallet, the next step is to choose a staking provider. Staking providers are platforms or services that facilitate the staking process on your behalf. 

They handle the technical aspects and ensure your staked ETH earns rewards. When selecting a staking provider, consider factors such as their reputation, fees, user interface, and customer support.

4. Deposit and Staking - After selecting a staking provider, you will need to deposit your ETH into their staking pool or contract. 

The provider will guide you through the deposit process, which typically involves sending your ETH from your wallet to a specified address or smart contract. 

Once your ETH is successfully deposited, it will be locked up for a specific period, during which you will earn staking rewards.

5. Monitoring and Managing Staked ETH -While your ETH is staked, it's important to monitor and manage your staking activities. 

Stay updated with the performance of your staked ETH, including the rewards earned and any changes in the staking conditions. 

Some staking providers offer detailed dashboards or notifications to keep you informed. Additionally, ensure you keep your wallet and staking software up to date with the latest security patches.

Ethereum 2.0 and Staking

Ethereum 2.0, also known as Eth2 or Serenity, is a major upgrade to the Ethereum network that aims to enhance scalability, security, and sustainability. 

The transition to Ethereum 2.0 involves the implementation of the Proof-of-Stake consensus mechanism. 

With this upgrade, staking will play a crucial role in securing the network and maintaining its operations. Ethereum 2.0 is expected to bring significant improvements to the Ethereum ecosystem.

Benefits and Risks of Staking ETH

Benefits of Staking ETH

There are several benefits to staking Ethereum:

  • Earn Passive Income: By staking ETH, you can earn rewards for securing the network without actively participating in mining operations. Staking provides a passive income stream for your cryptocurrency holdings.
  • Support the Network: Staking contributes to the security and decentralization of the Ethereum network. By staking ETH, you actively participate in the consensus mechanism and help maintain the integrity of the blockchain.
  • Participate in Governance: Staking can also grant you voting rights in the Ethereum network. As a staker, you may have the opportunity to participate in on-chain governance decisions and shape the future of the platform.

Risks of Staking ETH

While Ethereum staking offers numerous benefits, it's important to be aware of the associated risks and considerations:

  • Locked Funds: When you stake ETH, your funds are typically locked up for a specified period. Ensure that you are comfortable with this illiquid state and consider your liquidity needs before staking.
  • Network Risks: Although Ethereum is a well-established blockchain, there are still inherent risks associated with network attacks, technical vulnerabilities, and protocol changes. Stay informed about potential risks and developments in the Ethereum ecosystem.
  • Third-Party Risks: If you choose to stake through a staking pool or third-party provider, there may be additional risks involved. Research and select trustworthy providers with a strong reputation to mitigate these risks.

Future of Ethereum Staking

As Ethereum continues to grow and evolve, staking is likely to become even more prominent. With the full rollout of Ethereum 2.0, more users will have the opportunity to stake their ETH and contribute to the network's security.

The integration of staking services into various platforms and wallets will make it more accessible to a wider audience. Ethereum staking is poised to become an integral part of the cryptocurrency landscape.

Frequently Asked Questions

Q1. What are the benefits of Ethereum staking?

Ethereum staking offers several benefits. Firstly, stakers can earn passive income in the form of additional ETH rewards. 

Secondly, by participating in staking, individuals contribute to the security and decentralization of the Ethereum network. Lastly, staking allows ETH holders to actively participate in network governance decisions.

Q2. Can I unstake my ETH at any time?

In most cases, staking ETH involves a lock-up period during which your funds are inaccessible. The lock-up period can vary depending on the staking provider or the specific staking contract you use. 

However, many staking providers offer flexible staking options that allow you to unstake your ETH before the lock-up period ends, although this may incur penalties or reduced rewards.

Q3. Is staking ETH risky?

Staking ETH carries certain risks, as with any investment. The main risk is the potential loss of funds in case of network vulnerabilities or attacks. 

However, Ethereum's robust and extensively tested ecosystem mitigates most of these risks. It's important to conduct thorough research, choose reputable staking providers, and follow best security practices to minimize any potential risks.

Q4. Can I stake any amount of ETH?

The minimum staking requirement may vary depending on the staking provider or the specific staking contract you choose. 

Some providers have a minimum threshold, while others allow users to stake any amount of ETH. Be sure to check the requirements of your chosen staking provider before initiating the staking process.

Q5. Are there alternatives to staking for earning passive income with Ethereum?

Yes, there are alternatives to staking for earning passive income with Ethereum. One popular alternative is yield farming, which involves providing liquidity to decentralized finance (DeFi) protocols in exchange for interest or rewards. 

However, yield farming typically carries higher risks and complexities compared to staking, so thorough research and understanding are essential.

Q6. How can I keep track of my staking rewards?

Most staking providers offer detailed dashboards or interfaces that allow users to track their staking rewards. 

These interfaces display important information such as the amount of rewards earned, historical data, and any changes to staking conditions. 

Additionally, some providers may send email notifications or updates directly to your registered email address.

Q7. How are staking rewards calculated?

Staking rewards are typically calculated based on factors like the amount of ETH staked, the duration of the staking period, and the overall network participation. Rewards can vary and are subject to change.

Q8. Can I stake a partial amount of Ethereum?

Yes, it is possible to stake a partial amount of Ethereum, provided it meets the minimum requirement set by the Ethereum network or the staking service.

Conclusion

Ethereum staking provides a means for individuals to actively participate in securing the Ethereum network while earning rewards. 

The transition to the Proof-of-Stake mechanism with Ethereum 2.0 opens up new possibilities for stakers and investors. As the Ethereum ecosystem continues to thrive, staking is expected to play a vital role in its growth and decentralization.

Remember to stay informed about the risks and best practices associated with Ethereum staking to make informed decisions and maximize your rewards.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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Crypto Basics

Best Play to Earn Crypto Games for Passive Income in 2024

Marcus K
5 Minutes
MIN

In recent years, a new trend has emerged in the gaming industry - play to earn crypto games. These innovative games allow players to have fun and earn real money by participating in gameplay and achieving specific milestones. 

With the rise of blockchain technology and the growing popularity of cryptocurrencies, play to earn games have gained significant traction among gamers worldwide.

The Rise of Play to Earn Crypto Games

Play to earn crypto games has revolutionized the traditional gaming landscape by introducing the concept of earning real-world value through gameplay. 

Unlike traditional video games, where players are limited to in-game rewards and achievements, play to earn games offer tangible rewards in the form of cryptocurrencies and non-fungible tokens (NFTs). These rewards can be traded, sold, or exchanged for fiat currency.

The concept of play to earn games originated from the world of cryptocurrencies, where decentralized finance (DeFi) protocols incentivize users to participate and contribute to the network.

This concept was then integrated into the gaming industry, creating a new genre of games that combined entertainment with financial rewards.

How Play to Earn Games Work?

Play to earn games function through blockchain technology, which ensures transparency, security, and immutability. The game assets, such as characters, items, and in-game currencies, are tokenized as NFTs and stored on a blockchain.

It enables players to have true ownership over their in-game assets and the ability to trade or sell them on various marketplaces.

Players earn rewards in play to earn games by completing tasks, achieving goals, or participating in in-game competitions. These rewards are often in the form of cryptocurrencies, which can be staked, traded, or sold for profit. The earning potential in play to earn games is directly tied to the player's skill, dedication, and participation.

Top Play-to-Earn Crypto Games

A Play-to-Earn of play-to-earn crypto games are available in the market, each offering unique gameplay and earning opportunities. Let's take a closer look at some of the best play to earn games that have gained popularity among gamers:

1. Big Time

Big Time is a revolutionary role-playing game immersing players in the captivating world of Time’s End. Groups of six collaborate to undertake missions in dungeons, acquiring NFTs and tokens with substantial trading value. 

The game's genesis aligns with blockchain-based gaming, focusing on an engaging and social experience without significant financial commitment. The esteemed development team includes figures from Decentraland and notable titles like Fortnite. 

The fusion of immersive gameplay, cryptocurrency incentives, and an illustrious development team positions Big Time as a compelling prospect for gaming and digital asset enthusiasts.

2. Axie Infinity

Axie Infinity is a Pokemon-inspired game built on the Ethereum blockchain. In this game, players collect and breed digital creatures called Axies, which can be battled against other players. 

Players earn Smooth Love Potion (SLP) tokens for winning battles, which can be traded for other cryptocurrencies or sold for fiat currency. Axie Infinity has gained a massive following and has become one of the most successful play to earn games to date.

3. The Sandbox

The Sandbox is a multiplayer metaverse game that allows players to create, own, and monetize their virtual worlds. Players can buy virtual land, build structures, create art, and even host events within their virtual space. 

The Sandbox operates on the Ethereum and Polygon blockchains, and players can earn the game's native token, SAND, by participating and contributing to the ecosystem.

4. Decentraland

Decentraland is a virtual reality platform where players can explore, interact, and create their own digital experiences. Players can buy virtual land, build and monetize their creations, and engage in social activities with other players. 

Decentraland operates on the Ethereum blockchain, and players can earn the game's native token, MANA, by participating in events and games or trading virtual assets.

5. Splinterlands

Splinterlands is a trading card game that allows players to collect, trade, and battle with digital cards. Each card is represented as an NFT, and players can earn in-game rewards by winning battles and completing quests. 

Splinterlands operates on the HIVE and WAX blockchains, and players can trade their digital cards for other cryptocurrencies or sell them on various marketplaces.

6. Illuvium

Illuvium is an open-world adventure game where players capture and battle mythical creatures called Illuvials. Players can earn the game's native token, ILV, by completing quests, battling other players, and participating in in-game events. Illuvium offers a unique gameplay experience and has gained attention for its stunning visuals and immersive storytelling.

7. Revv Racing

Revv Racing is a multiplayer racing game that combines arcade-style gameplay with blockchain technology. Players can collect and race NFT cars, participate in tournaments, and earn rewards for their performance. Revv Racing operates on the Ethereum blockchain, and players can trade their NFT cars on various marketplaces.

8. Battle of Guardians

Battle of Guardians is a real-time multiplayer game where players battle with mythical creatures in epic battles. Players can earn the game's native token, BGS, by participating in battles, completing quests, and achieving high ranks. 

Battle of Guardians operates on the Solana and Binance Smart Chain blockchains, and players can trade their in-game assets for other cryptocurrencies or sell them on supported marketplaces.

9. My Neighbor Alice

My Neighbor Alice is a farming-based game where players can own virtual land, cultivate crops, and interact with other players. Players can earn rewards by participating in farming activities and trading virtual assets on the game's marketplace. 

My Neighbor Alice operates on the Chromia blockchain, and players can earn the game's native token, ALICE, by contributing to the game's ecosystem.

The Future of Play to Earn Crypto Games

Play to earn crypto games has witnessed tremendous growth in recent years, and the trend is expected to continue in the future. As blockchain technology becomes more mainstream and cryptocurrencies gain wider adoption, play to earn games are likely to attract more players and offer even more lucrative earning opportunities.

The integration of blockchain technology provides players with true ownership and control over their in-game assets, creating a sense of value and empowerment. 

Moreover, play to earn games offer a unique opportunity for players to monetize their gaming skills and dedication, bridging the gap between the virtual and real worlds.

In conclusion, play to earn crypto games have brought a new dimension to the gaming industry, allowing players to have fun and make real money simultaneously. 

With a wide range of games available across different genres and blockchain platforms, players have ample opportunities to explore and participate in this exciting and profitable gaming trend. So, why not dive into the world of play to earn games and start earning while doing what you love?

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.

Crypto Basics

Litecoin (LTC) Price Prediction 2025, 2030 - Forecast Analysis

S. Vishwa
5 Minutes
MIN

The cryptocurrency market has been experiencing significant expansion with the introduction of numerous high-potential cryptocurrencies. 

Among these digital assets, Litecoin has emerged as one of the few with demonstrated significant potential in recent years. In this comprehensive article, we will delve into the world of Litecoin (LTC) and analyze its price prediction for the coming years. 

With a focus on both short and long-term forecasts, we will explore various market scenarios and expert opinions to provide you with a holistic view of the future of LTC.

Litecoin Overview

Litecoin, often referred to as the "silver to Bitcoin's gold," is a well-established cryptocurrency that has been active for over nine years. With a solid technical foundation, Litecoin has managed to secure its position as one of the top 30 cryptocurrencies by market cap. 

Despite recent discussions around its declining popularity, Litecoin continues demonstrating resilience and potential for future growth.

Historical Performance of Litecoin

To understand the potential future performance of Litecoin, it is essential to examine its historical price movements. Over the course of the past year, Litecoin experienced a predominantly bullish market sentiment, with buyers dominating the scene. 

However, towards the end of the period, sellers started to exert more influence, leading to a decline in price.

Starting from a modest base of $51.32, Litecoin steadily climbed to its peak at $100.96 by January. This resistance level was rigorously tested until July, with occasional breaches that couldn't be sustained.

Litecoin Price Chart
Image Source - Token Metrics

As July progressed, a decline began, reflecting increased selling pressure. Despite these fluctuations, Litecoin managed to maintain support levels, albeit with some retracements along the way.

Litecoin Current Fundamentals

Before diving into the price predictions, let's examine the current fundamentals of Litecoin. Currently, Litecoin's price is around $67.86 and has a market capitalization of $5,029,742,527.

The 24-hour price change is -0.13%, indicating a slight decline. The Fear & Greed Index suggests a moderate level of market sentiment.

Litecoin Tokenomics
Image Source - Token Metrics

Litecoin (LTC) Price Prediction - Scenario Analysis

To forecast Litecoin's future price, it is crucial to consider multiple scenarios based on different market conditions and expert opinions. Let's explore some potential price predictions for Litecoin.

Litecoin (LTC) Price Prediction - Bullish Market Scenario

In a bullish market scenario where positive market sentiment prevails, Litecoin's price has the potential to experience significant growth. Several factors could contribute to this bullish trend, including increased adoption, technological advancements, and positive regulatory developments.

If the crypto market cap hits $3 Trillion and Litecoin retains its current 0.29% dominance, its price could ascend to $118.06.

In a more bullish scenario of the crypto market surging to $10 Trillion, Litecoin's price could soar to a staggering $393.56, resulting in a potential 7x return for investors.

It is important to note that these predictions are based on various factors and assumptions, and market conditions can change rapidly. However, bullish market sentiment and increased adoption of Litecoin's solutions could drive its price to new heights.

Litecoin Price Prediction
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Litecoin (LTC) Price Prediction - Bearish Market Scenario

In the event of a bearish market, Litecoin's price could experience a correction, potentially leading to a decrease in its value. In this case, the price of Litecoin may face downward pressure with a decreased dominance of 0.14%.

In this scenario, If the crypto market cap hits $3 Trillion, Litecoin could trade around $59.03 in the short term and struggle to surpass $196.78 by 2030 even if the total crypto market cap surpasses the $10 Trillion mark.

It is crucial to consider the potential risks and challenges that Litecoin may face. Factors such as regulatory developments, competition from other projects, and technological advancements can affect the growth trajectory of Litecoin.

Also Read - Next Crypto Bull Run

Litecoin Price Prediction - Industry Expert Opinion

To provide a more comprehensive view, let's explore the opinions of industry experts regarding the future of Litecoin.

According to various experts in the cryptocurrency field, Litecoin holds promise as a long-term investment. Its solid technical foundation, active development community, and widespread adoption contribute to its potential for growth. 

Some experts believe that the reduced supply of new Litecoin entering the market due to the halving event could create upward pressure on prices in the long run.

The Coincodex platform predicts Litecoin could reach $139.89 to $483.89 by 2030, and experts from Changelly forecast that it could reach minimum and maximum prices of $142.22 and $178.31 by the end of 2025. By the end of 2030, the price of Litecoin could reach $880.42 to $1,041.87.

Other industry analysts have varying opinions on the future price of Litecoin. Ambcrypto.com predicts that Litecoin could reach $164.82 to $247.22 by 2030.

Note - Start Your Free Trial Today and Uncover Your Token's Price Prediction and Forecast on Token Metrics.

Litecoin's Current Developments and Future Potential

Litecoin continues to evolve and adapt to the changing landscape of the cryptocurrency market. The Litecoin Foundation, along with its dedicated development community, is actively working on various initiatives to enhance the usability and scalability of the network. 

Recent developments include the implementation of privacy features, integration with existing payment systems, and exploring partnerships with major players in the industry.

Looking ahead, Litecoin has the potential to carve out a distinct niche in the cryptocurrency market. Its fast transaction times, lower fees, and strong community support make it an attractive option for both users and investors. 

However, market conditions and competition from other cryptocurrencies should be closely monitored to assess Litecoin's future potential.

Also Read - Ripple (XRP) Price Prediction

Conclusion

In conclusion, the future of Litecoin holds both opportunities and challenges. Based on historical performance and expert opinions, Litecoin has the potential to experience significant growth in the coming years. 

However, it is important to approach cryptocurrency investments with caution and conduct thorough research before making any decisions. 

The cryptocurrency market is highly volatile, and factors such as market sentiment, regulatory changes, and technological advancements can influence the price of Litecoin and other cryptocurrencies. Investors can make more informed decisions regarding their investment strategies by staying informed and seeking professional advice.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.

Crypto Basics

Top Low Cap Altcoins of 2024 - Token Metrics Moon Awards

Token Metrics Team
11 Minutes
MIN

Welcome to the Token Metrics Moon Awards, a prestigious accolade in the cryptocurrency industry, recognizing platforms and projects that have made substantial contributions to the space. 

As a data-driven investment research platform, Token Metrics meticulously conducts these awards to acknowledge the best crypto platforms of the year, utilizing extensive survey data from its robust crypto community.

Today, we will look into a new category of Moon Awards and honor the top Low-cap Altcoins projects of 2024 that have garnered significant support from crypto enthusiasts and investors in our survey.

How We Select These Low-cap Altcoins?

At Token Metrics, we highly value our audience and consider them our most valuable asset. This community-driven approach ensures that the awards reflect real-world opinions and experiences of crypto enthusiasts. 

Through the Moon Awards, Token Metrics amplifies the voice of its community, offering a transparent and user-centric evaluation of platforms that are driving the industry forward.

In collaboration with our community members and users' votes, we have curated a comprehensive list of the top Low-cap Altcoins 2024 based on survey input and votes.

In this article, we will explore the best Low-cap Altcoins that have great potential. These projects have been carefully selected based on their technology, potential, and community votes. We'll dive deep into each project, highlighting their unique features and the reasons why they deserve your attention.

Low-cap Altcoins - An Overview

Low-cap Altcoins refers to alternative cryptocurrencies with relatively low market capitalization compared to larger, more established digital currencies like Bitcoin and Ethereum. These coins are often considered high-risk, high-reward investments due to their potential for significant price swings.

While Low-cap Altcoins can offer substantial returns, they also carry greater volatility and liquidity risks. Investors are drawn to these assets for their potential to outperform larger cryptocurrencies, albeit with higher uncertainty. 

Researching the technology, team, and use case of Low-cap Altcoins is crucial before considering the investment, as thorough due diligence is essential in this often speculative market.

List of Top Low-cap Altcoins of 2024

Top Low Cap Altcoins 2024 - Token Metrics Moon Awards
Resource - Token Metrics Moon Awards

1. Astra DAO

In the Moon Awards survey, Astra DAO secured the top position with 21.8% of the total votes.

Astra DAO is a blockchain platform that offers crypto indices and launchpads. With its exclusive partnership with Token Metrics, Astra DAO provides investors with access to AI indices and curated token sales. 

As a Token Metrics Ventures portfolio company, Astra DAO has the backing of experienced investors and a strong network. 

With a low market cap of $6 million, Astra DAO presents an opportunity for early investors looking to capitalize on the growing demand for crypto indices and curated token sales. The platform's unique features and strategic partnerships make it an attractive investment option.

2. GameSwift

In the Moon Awards survey, GameSwift secured the 2nd position with 12.7% of the total votes.

GameSwift is a Token Metrics Ventures portfolio company that has seen remarkable growth. With a 50x return in just one year, GameSwift is a prime example of the potential of Low-cap Altcoins. 

The project aims to revolutionize the gaming industry by leveraging blockchain technology. With its innovative approach, GameSwift has gained traction in the market and offers investors the opportunity to be part of the gaming revolution. 

While the gaming industry is highly competitive, GameSwift's early success and strong fundamentals make it a promising investment.

3. Connext

In the Moon Awards survey, Connext secured the 3rd position with 11.6% of the total votes.

Connext is an Altcoin that has garnered considerable attention in the cryptocurrency market. It stands out due to its unique approach to decentralized finance (DeFi) and offers users a seamless and efficient way to transact and interact with digital assets. 

By utilizing layer-two scaling solutions, Connext addresses the scalability challenges faced by blockchain networks, resulting in faster and more cost-effective transactions. 

Moreover, Connext's architecture enables cross-chain compatibility, allowing for the smooth transfer of assets between different blockchains. With a dedicated team and a forward-thinking roadmap, Connext has the potential to make a significant impact on the decentralized finance landscape.

4. SuiPad

In the Moon Awards survey, SuiPad secured the 4th position with 8% of the total votes.

SuiPad is a launchpad built on the Sui blockchain, offering exposure to the Sui ecosystem. With a market cap of just $2 million, SuiPad is a high-risk, high-reward investment opportunity. 

The project allows users to participate in token sales and get involved in the Sui ecosystem's growth. With a strong investor list, including NGC Ventures and Cogitent Ventures, SuiPad has the potential to attract quality projects and provide investors with access to promising token sales. 

While this investment carries significant risk, SuiPad offers a unique opportunity to be part of the Sui ecosystem's success.

5. SuiSwap

In the Moon Awards survey, Suiswap secured the 5th position with 5.9% of the total votes.

Suiswap is a decentralized cryptocurrency exchange operating on the SUI blockchain, focusing on providing a secure, efficient, and user-friendly platform for cryptocurrency trading.

It aims to overcome the limitations of traditional centralized exchanges by leveraging blockchain technology for peer-to-peer transactions. The platform's native token, SSWP, holds key functions within the Suiswap ecosystem:

The SSWP token holders have the ability to influence the platform's direction through governance votes on operational and developmental proposals. Additionally, users providing liquidity are rewarded with SSWP tokens, enhancing the trading experience. 

Token holders can also stake SSWP for rewards, aiming to promote platform stability. Furthermore, SSWP tokens will be utilized for transaction fees in the SUI blockchain, thereby enriching their value.

Suiswap aims to be a sustainable protocol contributing to the broader SUI blockchain ecosystem, offering a unique decentralized trading experience.

6. Eclipse Fi

In the Moon Awards survey, Eclipse Fi secured the 6th position with 4.9% of the total votes.

Eclipse Fi is a modular launch and liquidity solution designed to transform token launches and support innovation on the Cosmos platform and beyond. This innovative protocol is ushering in a new era for sustainable token launches and community-aligned token distribution.

Despite its relatively low market cap of around $6 million, Eclipse Fi has already demonstrated significant growth potential, positioning itself as a promising but risky investment opportunity within the evolving landscape of token launches and liquidity solutions.

7. Joystream

In the Moon Awards survey, Joystream secured the 7th position with 4.1% of the total votes.

Joystream is a blockchain video platform and DAO (Decentralized Autonomous Organization) that aims to revolutionize content creation and sharing. 

With its market cap hovering around $37 million, this low-cap gem has already shown significant growth potential. Joystream allows creators to earn revenue by sharing their videos and offers video NFTs for added value. 

By competing with traditional video platforms like YouTube and Theta, Joystream aims to disrupt the industry with its innovative approach. With a technology score of 75% JoyStream presents an exciting opportunity for investors seeking exposure to the booming video and NFT markets.

8. Velas

In the Moon Awards survey, Velas secured the 8th position with 3.5% of the total votes.

Velas stands out as the leading EVM Blockchain globally, boasting an unparalleled transaction speed of up to 75,000 transactions per second, all processed instantaneously and with the highest level of security at an almost negligible cost. 

The Velas Ecosystem comprises decentralized products that leverage its blockchain to deliver a seamless user experience with decentralized, open-source offerings.

Despite its current market cap of approximately $55 million, Velas has shown remarkable growth potential, solidifying its position as a promising investment opportunity in the ever-evolving crypto space.

9. Iron Fish

In the Moon Awards survey, Iron Fish secured the 9th position with 3.1% of the total votes.

Iron Fish is a privacy coin that has gained attention due to its strong backing from top VCs like A16Z and Sequoia Capital. With a market cap of $25 million, this Low-cap Altcoin offers an opportunity for investors looking for privacy-focused projects. 

Iron Fish leverages zero-knowledge technology to ensure anonymity and security for transactions. While it may not surpass established privacy coins like Monero, Iron Fish's solid technology score of 85% makes it an intriguing investment option.

10. Script Network

In the Moon Awards survey, Script Network secured the 10th position with 2.8% of the total votes.

Script Network, a 24/7 free-to-air television platform, operates on Script blockchain, offering Script TV and Script Video NFTs. Its diverse content spans film, sports, and documentaries across 30+ channels. 

Users can earn rewards on and off-chain by watching TV and participating in the network as a node. It features dual tokens - SCPT for governance and SPAY for transactions. 

With a market capitalization of approximately $3 million, Script Network shows promising growth potential, positioning itself as an appealing investment prospect in the dynamic cryptocurrency sector.

11. Nexa

In the Moon Awards survey, Nexa secured the 11th position with 2.6% of the total votes.

Nexa is a scalable layer one blockchain that supports EVM (Ethereum Virtual Machine) contracts. With its market cap under $60 million, Nexa is primed for growth. 

It aims to be the next-generation Ethereum, offering a solution for decentralized applications that require scalability and efficiency. 

Competing with established projects like Ethereum Classic, Nexa has a solid technology score of 81%, making it an intriguing investment opportunity.

12. Swarm Markets

In the Moon Awards survey, Swarm Markets secured the 12th position with 2.2% of the total votes.

Swarm Markets is a regulated blockchain platform that enables tokenizing and trading real-world assets. With a market cap of $17 million, this Low-cap Altcoin has significant growth potential. 

Swarm Markets aims to disrupt traditional financial markets by providing a decentralized asset tokenization and trading solution. 

With a technology score of 81% and a strong narrative around real-world assets, Swarm Markets presents an exciting opportunity for investors looking to tap into the growing demand for tokenized assets.

13. Picasso

In the Moon Awards survey, Picasso secured the 13th position with 2% of the total votes.

Picasso and PICA play significant roles in the expanding ecosystem and future of Composable. PICA is the native token for two blockchains - Picasso on Kusama and the Composable Cosmos Chain on Cosmos.

PICA functions as the token that powers cross-ecosystem IBC. For instance, Picasso currently facilitates cross-ecosystem IBC transfer activities between the Polkadot, Kusama, and Cosmos ecosystems. Plans to connect other ecosystems, such as Ethereum and Solana, present a substantial value proposition.

With a current market capitalization of approximately $62 million, Picasso has displayed considerable potential for growth, solidifying its position as an appealing investment opportunity.

14. Across Protocol

In the Moon Awards survey, Across Protocol secured the 14th position with 1.9% of the total votes.

Across Protocol is a cross-chain bridge for L2s, and rollups are secured by UMA's optimistic oracle, ensuring transaction accuracy. It prioritizes capital efficiency with a single liquidity pool and a competitive relayer landscape. 

The protocol's interest rate fee model and one liquidity pool design lower user costs and increase liquidity provider yields. By keeping the majority of its LP assets on the secure L1 mainnet, Across operates bots to rebalance assets between destinations. 

It leverages a permissionless relayer ecosystem, enabling faster asset bridging and healthy competition. Utilizing UMA's optimistic oracle, Across ensures transaction correctness and employs smart asset management to maintain price balance without relying solely on arbitrageurs.

With a current market capitalization of around $17 million, Across has demonstrated significant potential for growth, consolidating its standing as an attractive investment prospect within the continuously evolving cryptocurrency sector.

15. Nolus

In the Moon Awards survey, Nolus secured the 15th position with 1.6% of the total votes.

Nolus is a DeFi borrowing and lending platform that stands out from the crowd. With a market cap of $7 million, this Low-cap Altcoin can potentially deliver significant returns. Nolus allows users to borrow more than 150% of their collateral, thanks to its unique closed ecosystem built on the Cosmos network. 

With Cosmos being one of the most promising ecosystems in the crypto space, Nolus offers exposure to the growing DeFi market within this thriving ecosystem. 

With a technology score of 81% and a base case ROI prediction of 50x, Nolus presents an attractive opportunity for investors looking to capitalize on the DeFi lending and borrowing trend.

16. Taraxa

In the Moon Awards survey, Taraxa secured the 16th position with 1.6% of the total votes.

Taraxa is an EVM-compatible smart contract platform that focuses on solving real-world problems. With a market cap of $61 million, this Low-cap Altcoin has huge growth potential. 

The project utilizes a block DAG (Directed Acyclic Graph) for Web3, enabling developers to build scalable decentralized applications. 

With a solid technology score of 81%, Taraxa offers investors the opportunity to be part of a project that aims to drive blockchain adoption in practical use cases.

Conclusion

In conclusion, the crypto market is filled with opportunities for investors willing to explore beyond the mainstream cryptocurrencies. 

These best Low-cap Altcoins with high growth potential offer a chance to multiply your investment and be part of the next big thing in the crypto world. 

However, it's important to remember that investing in cryptocurrencies carries risks, and thorough research and due diligence are essential.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.

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